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We study the dividend optimization problem for a company where surplus in the absence of dividend payments follows a Cramér-Lundberg process compounded by constant force of interest. The company controls the times and amounts of dividend payments subject to reserve constraints that dividends...
Persistent link: https://www.econbiz.de/10013083950
We consider the optimal dividend distribution problem of a financial corporation whose surplus is modeled by a general diffusion process with both the drift and the diffusion coefficients depending on the external economic regime as well as the surplus itself through general functions. The aim...
Persistent link: https://www.econbiz.de/10013083990
We consider the optimal dividend control problem to find an optimal strategy under the constraint that dividend rates are restricted such that the expected total discounted dividends is maximized for an insurance company. The evolution of the reserve is modeled by a diffusion process with drift...
Persistent link: https://www.econbiz.de/10013083948
Persistent link: https://www.econbiz.de/10014552129
This paper investigates dividend optimization of an insurance corporation under a more realistic model which takes into consideration refinancing or capital injections. The model follows the compound Poisson framework with credit interest for positive reserve, and debit interest for negative...
Persistent link: https://www.econbiz.de/10008854262
We investigate the dividend optimization problem for a company whose surplus process is modeled by a regime-switching compound Poisson model with credit and debit interest. The surplus process is controlled by subtracting the cumulative dividends. The performance of a dividend distribution...
Persistent link: https://www.econbiz.de/10013083946
This paper investigates dividend optimization of an insurance corporation under a more realistic model which takes into consideration refinancing or capital injections. The model follows the compound Poisson framework with credit interest for positive reserve, and debit interest for negative...
Persistent link: https://www.econbiz.de/10013097521
In this paper, we consider the perturbed compound Poisson risk process with investment incomes. The risk reserve process is perturbed by an independent Brownian motion and the surplus is invested at a constant force of interest. We investigate the asymptotic behavior of the ruin probability as...
Persistent link: https://www.econbiz.de/10013093511
As the problem of carbon emissions is becoming increasingly more serious around the world, how to balance carbon emissions reduction and economic growth has become an important issue in the field of ecological economics. China is the world's largest carbon dioxide emitter, and China's Low-Carbon...
Persistent link: https://www.econbiz.de/10011976087
From the sociolinguistic perspective, this study examines whether the honorific and actual-name appellations that Chinese auditors use to address clients in audit reports connote differential financial misstatement risk. Specifically, we hypothesize that auditors' use of honorifics signals their...
Persistent link: https://www.econbiz.de/10012052413